Analysts’ consensus on the market
indicates an additional 186,000 jobs in August, while the unemployment rate is
expected to fall by 0.1 percent to 4.8 percent. In June and July, the US
economy added 292,000 jobs and 255,000 jobs respectively, with moderate growth
in average hourly wages and labor force participation ratesWe reiterate that even before the
Employment Report, the ADP survey will be published today, examining the new
jobs created in the private sector (excluding the agricultural sector). The
market estimates that the ADP figure, which is considered a kind of trailer
ahead of the full employment report, will indicate an addition of 174,000 jobs
in August.Disappointment in the US: The growth
rate is lower than the preliminary dataThe initial figure published a month
ago indicated annual growth at 1.2%; The revised figure shows that growth was
lower
Last month, the first estimates of the annual growth rate of the world’s largest economy reflected in the performance of the second quarter of the year were published. The data were disappointing. The data update shows an even worse picture. The US economy grew at an annual rate of only 1.1% %).The figure is published Friday ahead of a speech by the Federal Reserve chairman, who is expected to shed light on her analysis of the Fed’s economic performance and forecasts, from which the interest rate will be cut for the September open market meeting.According to the publication of the data, futures trading on the interest rate reflected a 35 percent chance of an increase in the interest rate when a month ago this figure was significantly lower. It should be noted that a change from 1.2% to 1.1% is not significant, but it is a trend, and Wall Street estimates are not changing dramatically after the publication of the US economic growth rate update for the second quarter of the year.
